Lime Brokerage Goes Live With High-Speed Options Trading
By Lime Brokerage Llc, PRNESunday, September 19, 2010
Groundbreaking technology and direct connectivity to venues boosts throughput and reduces latency to low double-digit microseconds
NEW YORK, September 20, 2010 - Lime Brokerage LLC (www.limebrokerage.com), an independent
high-volume agency broker and leading provider of high-throughput,
low-latency technologies to the professional trading community, has launched
comprehensive, high-speed options execution. This latest offering complements
its market leading high-speed equities and futures trading capabilities.
(Logo: photos.prnewswire.com/prnh/20100324/NY75754) (Logo: www.newscom.com/cgi-bin/prnh/20100324/NY75754)
Built upon the innovative, patent-pending technology that Lime has
developed for the U.S. equities markets, the solution is fully integrated
with Lime's ultra-low latency Citrius(TM) options data. The high-speed
offering aggregates data, execution, pre-order risk controls and
clearing/reporting into a single platform.
Developed to address the growing need by high-volume traders for
ultra-low latency options trading and data, the Lime options offering reduces
through-box latency to low double-digit microseconds (1/1,000,000th of a
second). This represents a significant reduction in latency over existing
solutions, thereby ensuring that options traders receive optimal prices and
fills.
Available options exchanges are BATS Options (BATS), Boston Options
Exchange (BOX), Chicago Board Options Exchange (CBOE), International
Securities Exchange (ISE), Nasdaq OMX Options (NOM), Nasdaq OMX PHLX (PHLX),
NYSE Amex Options (AMEX) and NYSE Arca Options (ARCA).
Lime clients can directly access the options markets by co-locating
within Lime's data center in Jersey City. The data center employs dark fiber
connectivity directly to venues and leverages Lime's patent-pending hardware
and software infrastructure that is engineered to ensure speed, throughput
and high availability.
Jeff Wecker, President and CEO of Lime Brokerage states that "an
increasing variety of trading strategies now require the lowest data and
execution latency to maximize options trading opportunities and improve
execution quality."
"What happened in the equities space is now occurring in options, and
those traders still using older, slower, screen-based technologies are being
marginalized by more competitive traders leveraging the most up-to-date tools
and technologies available."
About Lime Brokerage
Providing customers with performance-engineered trading solutions that
deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime
integrates world-class advanced execution technology with clearing and
reporting services for seamless support of the most complex, automated and
high-volume electronic trading strategies. Our technology and trading
platform allows our customers to access an independent, agency-only system to
trade quickly, reliably and anonymously on multiple exchanges, ECNs and
trading venues. Clients include professional traders, hedge funds, asset
managers and broker-dealers. For more information about Lime Brokerage,
please visit www.limebrokerage.com or email sales@limebrokerage.com.
Media Contact: Mike Felix Lime Brokerage +1-212-824-5544 mfelix@limebrokerage.com
Mike Felix, Lime Brokerage, +1-212-824-5544, mfelix at limebrokerage.com
Tags: Lime Brokerage Llc, New York, September 20, Western Europe